32 bedroom flat / apartment for sale
Ayo Babatunde Crescent, Oniru, Victoria Island (VI), Lagos
Listing title
investment opportunity --- 20 luxury flats (12 x 2‑bed + 8 x 1‑bed) --- ayo babatunde crescent, oniru vi, lagos c of o ₦4.5b (net)
overview
an established, well‑maintained luxury apartment block in the heart of oniru vi --- an exceptional investment offering comprising 20 flats on a single 1,543 sqm freehold site. the building contains twelve 2‑bedroom units and eight 1‑bedroom units (mini‑flats), presented as a single lot. the property is offered for sale with a clean certificate of occupancy (c of o) and is ideal for repositioning as a boutique hotel, premium airbnb/short‑stay portfolio, corporate housing or a high‑yield residential investment.
property summary
- property type: purpose‑built luxury apartment block (single title sale)
- unit mix: 20 flats total --- 12 x 2‑bedroom flats; 8 x 1‑bedroom (mini) flats
- land area: 1,543 sqm
- location: ayo babatunde crescent, by oniru gate, oniru vi, victoria island / lekki corridor, lagos
- title: certificate of occupancy (c of o) --- available for inspection by qualified buyers
- asking price: ₦4,500,000,000 (four billion, five hundred million naira) --- net of all taxes
condition & asset notes
- well‑maintained, luxury specification throughout (regular upkeep and professional estate management in place) --- ideal for immediate occupation or seamless conversion to short‑stay/hospitality use.
- single‑lot sale simplifies acquisition for investors or hotel operators seeking a consolidated asset with scale and immediate operating potential.
- strong location adjacent to oniru gate --- excellent access to victoria island, business districts, retail and leisure amenities.
why this is an attractive investment
- prime oniru location with strong short‑stay and long‑term rental demand from expatriates, corporate tenants and leisure guests.
- unit mix (12 x 2‑bed + 8 x 1‑bed) offers flexibility: retain as long‑let residential, convert some units to serviced apartments/airbnb, or operate as small boutique hotel.
- single‑title ownership and clear c of o reduce acquisition complexity relative to multi‑title assets.
- immediate yield potential from existing tenancy (confirm tenancy schedule) and opportunity to uplift income via professional asset management, rebranding or service‑led pricing.
- scalability: attractive for investors seeking to add a hospitality or short‑stay product in a premium lagos micro‑market.
potential uses
- boutique hotel or serviced apartments (short‑stay / corporate housing)
- entirely buy‑to‑let residential portfolio (long‑term tenancies)
- mixed model (some units retained for short‑stay / premium nightly rates and some for long‑term corporate lets)
- student housing, staff accommodation for corporate clients or embassy housing (subject to demand)
key benefits for buyers
- consolidated 20‑unit block on a substantial 1,543 sqm site in a high‑demand location
- clean c of o: supports mortgage/financing options and straightforward title transfer
- large, divisible unit mix enabling flexible operating strategies and revenue optimisation
- close proximity to victoria island commercial nodes and oniru retail/leisure facilities --- premium tenant pool
due diligence & documents available on request
- certificate of occupancy (c of o) and chain of title documents (available to qualified buyers)
- site plan and as‑built floorplans for all units
- tenancy schedule, current rental roll and statement of service charges (if occupied) --- request from agent
- recent maintenance records, estate management arrangements and capital expenditure history
- utility supply details (power/water arrangements) and any warranties or guarantees on building systems
recommended buyer checks
- verify c of o and title chain with a solicitor; confirm absence of encumbrances
- review tenancy schedule, historic occupancy and income statements (if income‑producing)
- conduct site inspection and technical survey (structural, m&e, roof and services)
- assess suitability and permits for short‑stay/hospitality conversion if planned (nafdac/local authority requirements for hospitality operations)
- confirm tax position, transfer costs and any outstanding statutory rates
sale process & purchase requirements
- viewings: by appointment only --- proof of funds or buyer pre‑qualification required prior to detailed inspection and release of title documents.
- offers: submit formal expression of interest (eoi) and proof of funds; preferred buyers will be invited to review full dossier and tenancy records.
- legal & completion: standard conveyancing applies --- buyer to instruct solicitors; transaction to be completed on receipt of cleared funds or agreed escrow arrangement.
ref: d. ef...
More details
Added Yesterday
₦4,500,000,000
The Build Centre Properties
09028190510